Business Environment Improves
EghtesadOnline: “Unpredictability and fluctuations in the prices of raw materials and products”, “difficulties associated with funding from banks” and “instability of policies, regulations and executive procedures related to businesses” affected Iran’s business environme.
The National Business Environment Index, measured by the Iran Chamber of Commerce, Industries, Mines and Agriculture, stood at 6.11 in the fourth quarter of last Iranian year (Dec. 22, 2022-March 20) to register a 0.06 percentage point or a 0.99% rise compared with the preceding quarter, and a 0.22 percentage point or 3.73% increase compared with the corresponding quarter of last year.
The index measures business friendliness of Iran’s economy, with 10 indicating the worst grade and a decline showing an improvement in the business environment. Therefore, an increase in the index suggests the deterioration of business environment.
The ICCIMA index is fashioned after the World Bank’s discontinued “Ease of Doing Business” index, a tool formerly used to measure the cost of doing business in countries.
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